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Federal Government Exempts Research Grant Funds from Treasury Single Account
Federal Government Exempts Research Grant Funds from Treasury Single Account....KINDLY READ THE FULL STORY HERE▶
The Federal Government has announced a significant policy change affecting federal universities and research institutions. The exclusion of third-party research grant funds from the Treasury Single Account (TSA) is set to enhance the financial autonomy of these institutions, fostering an environment conducive to research and innovation.
A letter from the National Universities Commission (NUC) to Vice Chancellors, dated September 6, 2024, detailed the directive. The Minister of Education, Professor Tahir Mamman, communicated this decision from the President to the Coordinating Minister of Finance and National Economy, Wale Edun.
The recent directive not only exempts research grant funds from the TSA but also allows universities and research institutions to manage their endowment fund accounts in commercial banks. This move is expected to empower these institutions, enabling them to make more autonomous financial decisions.
The letter, signed by the Acting Executive Secretary of the NUC, Chris Maiyaki, references the communication from the Honourable Minister of Education. It also cites a prior correspondence from the Principal Secretary to the President, highlighting the importance of this decision for the future of higher education and research in Nigeria.
By granting financial autonomy, the government aims to promote research and innovation across federal universities and research institutions. This strategic shift is seen as a way to improve funding management, allowing institutions to more effectively utilize research grants to drive scientific advancements and academic excellence.
This directive comes alongside several other educational reforms, including maintaining the VAT rate at 7.5% and a recent move to restrict candidates under 18 years from taking the Senior Secondary Certificate Examination (SSCE) and Unified Tertiary Matriculation Examination (UTME). These measures reflect the government’s commitment to enhancing the educational landscape in Nigeria.
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Clearing the Air: Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has once again denied allegations that he previously labeled Tinubu an illegitimate president during his time in the opposition.....KINDLY READ THE FULL STORY HERE▶
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Pointing Fingers: Speaking on the KAA TRUTHS podcast, Bwala clarified that activist Aisha Yesufu was the actual person who made those remarks, maintaining that he never uttered such a statement.
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Legal Finality: Bwala criticized Yesufu’s ongoing refusal to accept the validity of Tinubu’s presidency, arguing that once an electoral dispute reaches a final and binding verdict at the Supreme Court, all parties are obligated to respect it.
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Challenging the Critics: Challenging anyone to produce proof of his alleged past comments, Bwala emphasized that even opposition figures like Kenneth Okonkwo did not call the President illegitimate, dismissing Yesufu’s stance as a sign of legal ignorance.
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entertainment
ROMANTIC BOMBSHELL: Tiwa Savage Spills Shocking Secrets About Dating One Of Nigeria’s Big 3 Artistes!.
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The Secret Romance: Nigerian singer Tiwa Savage revealed during an interview with Madam Joyce that she previously dated one of the artists considered part of Nigeria’s “Big 3,” choosing to keep his identity private.....KINDLY READ THE FULL STORY HERE▶
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Covert Tactics: According to Savage, the relationship was kept under wraps because the artist wanted to hide their romance, going as far as deliberately mingling and dancing with other women at public events to avoid suspicion.
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Emotional Connections: In a separate viral video, Savage opened up about her relationship and music collaborations with Wizkid, admitting that performing alongside him evokes strong memories and proves to be an emotional experience.
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entertainment
CONTROVERSY CRUSHED: Tiwa Savage Sets The Record Straight On Working With Female Artistes!.
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Addressing the Backlash: Nigerian singer Tiwa Savage recently pushed back against criticisms accusing her of refusing to support or collaborate with fellow female artistes, clarifying during an interview with Madam Joyce that she is very much open to working with women.....KINDLY READ THE FULL STORY HERE▶
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The Promotion Problem: Savage pointed out that while she has featured numerous female acts in the past, those songs often underperform because the collaborators fail to put adequate effort into promoting the finished projects.
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Double Standards: Highlighting a double standard, she questioned why her collaborations with male artists—such as Odumodublvck, Wizkid, Davido, and Young Jonn—attract complaints while her extensive history of working with women like Waje, Ayra Starr, Simi, Asa, Efya, Becca, and Di’Ja is overlooked.
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Crayon’s Claim: In a separate development, singer Crayon alleged that Tiwa Savage introduced him to ‘Backy’—a blend of illicit substances rolled into a blunt—back in 2018.
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